07.02.18
Henkel signed an agreement with Acasta Enterprises Inc. to acquire JemPak Corporation, Canada, for approximately 77 million euros (about $90 million at current exchange rates) on a cash- and debt-free basis.
Based in Concord, Canada, JemPak Corporation reported sales of €60 million ($70 million) in fiscal 2017. The company, which employs about 140 people, is focused on the US and the Canadian laundry and home care retailer brands business and offers products in growing categories such as automatic dishwashing, laundry caps and fabric finishers. It operates two manufacturing sites.
“This acquisition complements and strengthens our existing laundry and home care portfolio in North America. We will further expand our No. 2 market position in this attractive market and will strengthen our leading position in the retailer brands category in North America,” explained Bruno Piacenza, executive vice president and responsible for Henkel’s Laundry & Home Care business.
Based in Concord, Canada, JemPak Corporation reported sales of €60 million ($70 million) in fiscal 2017. The company, which employs about 140 people, is focused on the US and the Canadian laundry and home care retailer brands business and offers products in growing categories such as automatic dishwashing, laundry caps and fabric finishers. It operates two manufacturing sites.
“This acquisition complements and strengthens our existing laundry and home care portfolio in North America. We will further expand our No. 2 market position in this attractive market and will strengthen our leading position in the retailer brands category in North America,” explained Bruno Piacenza, executive vice president and responsible for Henkel’s Laundry & Home Care business.
